Tag Archives: Orchard Supply Hardware

Sears Is Ready To Harvest The Orchard

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Much like Halloween, the end of the year is also shaping up to be an extremely busy period for spinoffs. The latest to join the party is Sears Holding (SHLD) whose board of directors approved the spin offof Orchard Supply Hardware Stores earlier this week. The spinoff will take place on December 30 to shareholders as of today,… Read More »

Sears Holdings Announces Plans To Spin Off Orchard Supply Hardware

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Sears Holdings(SHLD) announced today that it plans to spin off Orchard Supply Hardware. Orchard operates 89 full service hardware stores in California, averaging 40,600 square feet.  No date or distribution ratio have been set, but the company does state in its S-1 that it hopes to trade under the OSHS symbol.  After the spinoff, ESL investments and affiliates,… Read More »